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Updated over 10 years ago on . Most recent reply
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$75,000 for maximum cash flow. How would you do it?
I'm currently comfortable with using $50k - $70k of my savings to invest for maximum cash flow. I have to add that caveat (cash flow) since I'm due to get out of the Navy here in 7 months. I'd love to not have to go back to Nuclear Power when I get out. I hope to only maintain a job for a year or so after discharge to move into real estate and investing full time. I'm already so passionate about it, my wife is tired of hearing about it!
My question: How would you use $50k - $70k to try to replace a normally $5k - $7k / month income? Is it even possible realistically?
I'd just like to get a feel for what others here think. I've been devouring the forums and all of it's resources since I joined (1 month ago i think). I'm open to any options, lending, SFRs, Flips, etc. I'd prefer to do it locally (Virginia Beach or northern NC), but that's not a must.
Just getting a feel. I'm not looking for someone to point me in a direction. I'm perfectly capable of solving the problems on my own, just wondering where those of you with expertise in this would start.
Hope I didn't come off as totally helpless. There's a certain amount of that feeling I get with every question I ask here.. haha. Thanks everyone!
Most Popular Reply
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I may be being pedantic (who, me?), but if you are talking about "cash flow" as money made off of an investment then I'd say no, you aren't being realistic in thinking that you can quickly create a $60,000+ cash flow with a 50k-70k nut. Over time? sure, if you are smart.
The idea of using that money to kickstart a flipping business is a different thing altogether than creating cash flow, IMO (job, vs investment, basically). With the right skills, making $60,000+ working as a flipper should be quite doable.